Proxy Firm Advises MetroPCS Holders to Reject T-Mobile Deal

Proxy advisory firm Glass Lewis & Co. said MetroPCS Communications Inc. investors should vote against a merger with Deutsche Telekom AG unit T-Mobile USA, adding to negative sentiment around the deal just two weeks before shareholders are to vote.

Glass Lewis said MetroPCS shareholders aren't getting enough in return for what amounts to a takeover by T-Mobile. The firm said MetroPCS shareholders could do better if the company...